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History
- Reported and committed to finance
- Print number 5822a
- Amend and recommit to education
- Referred to education
- Referred to rules
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Relates to calculation of contingency budget percent increase in total spending over district's total spending under school district budget for the prior school year
In Assembly Committee · Education · Sponsor Catherine Nolan
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the education law, in relation to the calculation of contingency budget percentage increases in total spending over a district's total spending under the school district budget for the prior school year; and providing for the repeal of such provisions upon expiration thereof
Purpose
To permit school districts that will be operating on a contingency budget for the 2010-11 school year to use a five year average CPI in calculating the allowable total spending increases permitted under a contingency budget
Existing law
Existing law provides that a contingency budget for a school district shall not increase by more than 120% of the Consumer Price Index or 4%, whichever is less, over the prior school year.
Justification
The projected CPI for 2009 is currently -0.8, a negative number because we are experiencing a deflationary period. Under current law a contingency budget for a school district may not increase by more than 120% of the Consumer Price Index or 4%, whichever is less. This would set the contingency budget cap for 2010-11 at -0.96. A cap that is set this low will have disastrous consequences for school districts whose budget votes are unsuccessful. Given the unusual circumstance of a deflationary period which was never anticipated, it makes sense to use a rolling average for the 2010-11 school year.
Legislative history
This is a new bill
Fiscal implications
None to the State
Effective date
This act shall take effect on May 1, 2010 and shall apply to school district budget votes for the 2010-11 school year and shall expire on December 1, 2010.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.